Cryptocurrency Market Cap bigger than Facebook!!!

SamReomo

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Quote from: MWalk on December 15, 2017, 10:03:32 AM

wow - what??? UNREAL!

https://www.cryptocoinsnews.com/530-billion-cryptocurrencies-become-valuable-facebook/

That's good to know that the crypto'st market is bigger than Facebook, but it seems to me as injustice to the whole cryptos by comparing the whole selection of its currencies to just one company. I know some people might find it interesting because they think that he Facebook is a huge giant, but in reality there is no comparison between the both.
Cryptos are worth to be around trillions in order to gain the trust of the newbie investors and businesses who would then use them without thinking them as some type of Ponzi schemes. And, when they reach the Trillion level industry than they could make huge impacts on the whole world. Because, the cryptos can be the future of currencies for the whole world.
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stripykitteh

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Quote from: MWalk on December 15, 2017, 10:03:32 AM

wow - what??? UNREAL!

https://www.cryptocoinsnews.com/530-billion-cryptocurrencies-become-valuable-facebook/

Facebook is based on Money and people. Bitcoin has an active market that is not relying on the stock exchange...

Yakamoto

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Quote from: MWalk on December 15, 2017, 10:03:32 AM

wow - what??? UNREAL!

https://www.cryptocoinsnews.com/530-billion-cryptocurrencies-become-valuable-facebook/

Well most alts are shitcoins anyways, it's not like having the entire market becoming larger than $530B means a lot when you can trade a coin with a billion tokens at $1 by restricting the supply and suckering more people to join in on the entire scheme and making a coin with a market cap of $1B. It's not like most of that value can be realized anyways, most of it is because of Bitcoin pumping the values of the different tokens and a heavy supply restriction, making everything go higher and higher up without much reason...

Good news to say the least, but it doesn't mean much. Facebook is also slipping anyways.

Flodner

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Quote from: Anonylz on December 15, 2017, 05:42:24 PM

And maybe we are bigger than facebook now, but it is only because we are counting the marketcap of the little coins too.

This forum is better than facebook. Some people don't find it usable enough, but I like it, it reminds me old days of web with dialup internet when you had to wait for page to open...

Anonylz

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And you are right with that, a lot of people will never understand that the most important thing is the acceptation of the coin, not the marketcap.

Take this as an example; Shit coin has 10 billions of dollars of marketcap, but no one uses it, because they all are holding.

Do you really think that this is a succesfull coin? Of course that it is not.

Quote from: btcjoin14 on December 15, 2017, 10:15:26 AM

I've learned that marketcaps don't really matter, what matters is how many people are accepting the coin.

And maybe we are bigger than facebook now, but it is only because we are counting the marketcap of the little coins too.

Flodner

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Quote from: stompix on December 15, 2017, 02:53:40 PM

The current chain holds 280 million transactions and it's close to 200 Gb in size.
How are you going to store the details of 2 billion accounts and their data and keep the whole thing decentralized?
Fb generates around half of petabyte a day, that is not going to fit on any node run at home.

I don't mean that all facebook-alternative should be stored for everyone.
I mean there should be some solutions in future.
I.e. Steemit which I mentioned works fine. Of course there are not billion accounts, but there are many projects now which focus on social network or at least similar approach - so I'm sure facebook-on-blockchain is the matter of time. Even though it might be not the blockchain we have now, or even not what is "blockchain" but some crypto-focused technology.

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Quote from: Flodner on December 15, 2017, 10:36:33 AM

What we really need is blockchain alternative for facebook.
There is Steemit (by the way who is there you can follow me https://steemit.com/@flodner)
But it lacks some of facebook features
So Steemit can be and should be major blockchain blog platform, but for social media something new should be created!
Any ideas?

Blockchain alternative?
With all the data from Facebook stored in the chain?

The current chain holds 280 million transactions and it's close to 200 Gb in size.
How are you going to store the details of 2 billion accounts and their data and keep the whole thing decentralized?
Fb generates around half of petabyte a day, that is not going to fit on any node run at home.

Satish147

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No need to think Bitcoin is surpassed Facebook because Winkloves brothers holding itself surpassed the market cap of Facebook.

Flodner

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What we really need is blockchain alternative for facebook.
There is Steemit (by the way who is there you can follow me https://steemit.com/@flodner)
But it lacks some of facebook features
So Steemit can be and should be major blockchain blog platform, but for social media something new should be created!
Any ideas?

btcjoin14

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Quote from: MWalk on December 15, 2017, 10:03:32 AM

wow - what??? UNREAL!

https://www.cryptocoinsnews.com/530-billion-cryptocurrencies-become-valuable-facebook/

I've learned that marketcaps don't really matter, what matters is how many people are accepting the coin.

mxshvdv

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LOL Facebook is shit.

audaciousbeing

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Quote from: MWalk on December 15, 2017, 10:03:32 AM

wow - what??? UNREAL!

https://www.cryptocoinsnews.com/530-billion-cryptocurrencies-become-valuable-facebook/

And so what? Comparing the entire crypto currency market to one Facebook and be joyful that its bigger is even a thing of shame and it shows that the people who are behind the article and bunch of lazy people that don't would not do a research to come out with a great content.

People do without Facebook and they didn't die, Facebook is just one company in the several companies all over the world and if this is what we can be joyous about then the entire crypto market is not even anywhere that demands attention and even the its currently getting from government is what I called "overhyping" that it does not deserve.

MWalk

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wow - what??? UNREAL!

https://www.cryptocoinsnews.com/530-billion-cryptocurrencies-become-valuable-facebook/

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